Report: Charles Town Classic Purse In Balance After Racing Commission Meeting

According to a report from The Blood-Horse, the Grade 2 Charles Town Classic may face a drastic cut in purse money if one West Virginia racing commissioner gets his way. An unnamed commissioner suggested at the December meeting that the race’s $1.25 million purse be scaled back to about $300,000. The commission did not take a final action on deciding the stakes schedule, and the discussion will likely come up again in January.

The Classic currently attracts top handicap horses from outside the state, largely because of its high purse.

Charles Town Vice President of Racing Erich Zimmy said the track maintains statistics on purse money’s impact on handle. Zimmy estimates the track brings in $7.83 in handle per purse dollar, compared to $4.20 eight years ago.

West Virginia Racing Commission executive director Joe Moore was out of the office and unable to provide comment on The Blood-Horse‘s report.

Read more at The Blood-Horse

The post Report: Charles Town Classic Purse In Balance After Racing Commission Meeting appeared first on Horse Racing News | Paulick Report.

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